Mill River Community Housing Corporation (EIN 050427152) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

Michael Dawson

Phone

4016676502

Tax Period

2022-07-01 to 2023-06-30

Mill River Community Housing Corporation, founded in 1986, is a small nonprofit in the Human Services sector that reported $201K in total revenue in fiscal year 2022. Expenses of $225K exceeded revenue, resulting in a 12% operating deficit.

Mission

Mill River Community Housing Corporation (Mill River) is organized to provide handicapped persons with low-income housing facilities and access to services which are specifically designed to meet their physical, social, and physiological needs(See Schedule O).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $132,634

Program Service Revenue $61,614

Investment Income $3,303

Other Revenue $3,689

TOTAL REVENUE $201,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $176,712

Other Expenses $224,853

TOTAL EXPENSES $224,853

Year-over-Year Comparison

	2022	2021	Change
Revenue	$201,240	$198,141	+0.0%
Expenses	$224,853	$253,165	-0.1%
Net Income	$-23,613	$-55,024	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$246,525

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott W DiChristofero	President	0.10	Officer	$0	$52,490	$246,525
Jay Burdick	Director	0.05	Director	$0	$0	$0
Nicole M Corbin	Director	0.05	Director	$0	$0	$0
John Fernandez	Director	0.10	Director	$0	$0	$0
Michael Furia Jr	Director- 7/22	0.00	Director	$0	$0	$0
Michael Hogan	Director	0.10	Director	$0	$0	$0
Pamela S LaBreche	V.Chair/Secty.	0.10	Officer Director	$0	$0	$0
Robert Mancini	Chairperson	0.05	Officer Director	$0	$0	$0
Joseph K Sabetta	Treasurer	0.10	Officer Director	$0	$0	$0
David White	Director	0.10	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$201,240	$224,853	$540,755	$-23,613
2022	$198,141	$253,165	$563,530	$-55,024
2021	$222,913	$219,137	$570,222	$3,776
2020	$217,259	$204,483	$587,313	$12,776
2019	$149,963	$208,034	$600,227	$-58,071
2018	$186,679	$214,641	$673,375	$-27,962

Mill River Community Housing Corporation